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French Deficit Narrowed, German Production Ahead of Expectations

Arthi Gupta
06 Jul, 2012
New York City

Industrial production in Germany rose more than estimated but Spanish industrial production fell in May. French deficit narrowed in June.

Italy Approves

Arthi Gupta
06 Jul, 2012
New York City

The European indexes dipped. SGS agreed to acquire Belgium-based Exprimo. Peugeot slumped after an annual decline in first-half worldwide sales.

Wall Street Cautious on Europe; Apple, Netflix Jump

Bikram Pandey
05 Jul, 2012
New York City

Stocks recovered from early losses after investors shifted focus to employment data. Central banks in Europe, UK and China took actions to revive economic growths. U.S. chain stores reported weak comparable sales in June. Crude oil, copper and gold declined more than 1%.

U.S. Movers: Costco, FedEx, International Speedway, Limited Brands

Mukesh Buch
05 Jul, 2012
New York City

Costco June same store sales rose 3% and Limited Brands increased of 7%. FedEx completes the acquisition of TATEX a French express transportation company. Volkswagen agreed to buy remaining half of sports car maker Porsche.

Diamond Blames Industry, Regulators; BoE Expands Asset Purchase Plan

Arthi Gupta
05 Jul, 2012
New York City

The UK indexes traded sideways after the Bank of England expanded its asset purchase program but maintained record low interest rate. Home prices in the UK rose unexpectedly in June. Ireland raised

U.S. Jobless Claims Drop; Central Banks in China, Europe Act

Arthi Gupta
05 Jul, 2012
New York City

U.S. indexes rose after weekly jobless claims fell and private sector employment rose in June. The European Central Bank cut key rate to 0.75% and the Bank of England expanded asset purchase plan. Walgreen agreed to purchase a regional drugstore chain for $438 million.

Nikkei Hovers Near 2-Month High

Nigel Thomas
05 Jul, 2012
New York City

Tokyo stocks edged down after a month-long rally that powered indexes to 2-month highs. Machinery and construction stocks traded higher and Nikon closed at 4-year high on the expectations of better than expected profits in the camera division.

Australian Markets Flat, Rinehart Cuts Fairfax Stake

Marcus Jacob
05 Jul, 2012
New York City

Australian stocks ended flat in a choppy trading as investors look ahead at central banks for additional monetary steps. Fairfax Media was in focus again after Gina Rinehart cut her stake down to 15%.

EU Productivity Declines, German Construction Contracts

Arthi Gupta
05 Jul, 2012
New York City

EU productivity declined and the consumer price inflation in the Netherlands remained unchanged in June. German construction sector continued to shrink but Swedish service production rose in May.

ECB Cuts Rate to 0.75%, GKN Acquires Volvo Aero

Arthi Gupta
05 Jul, 2012
New York City

The European indexes gained after the European Central Bank cut key rate. Spain sold

UK Service Sector Growth Slumps, Manchester United Files for IPO

Arthi Gupta
04 Jul, 2012
New York City

The UK indexes declined after service sector growth slumped to an eight month low and shop price inflation eased in June. Manchester United filed for a New York listing. Tullow estimates record revenues in the first-half.

Nikkei in Tokyo at 8-Week Peak on the Hopes of BoJ Action

Marcus Jacob
04 Jul, 2012
New York City

Stocks in Tokyo traded higher as investors focused on the positives in the market and looked at the central banks of Europe and Japan for more actions. Resources linked stocks traded higher after commodities gained.

European Indexes Decline, Spanish, Italian Yields Above 6%

Arthi Gupta
04 Jul, 2012
New York City

The European indexes edged lower on weaker-than-estimated service sector activity in June. Investors look ahead for actions from European Central Bank and Bank of England tomorrow.

Euro Area Retail Sales Improve, German Services Output Stagnates

Arthi Gupta
04 Jul, 2012
New York City

Retail sales in the euro-zone increased unexpectedly in May. The euro area service sector data signaled a reduction in activity in June with many of the regions reporting contraction. Italian deficit to gross domestic product increased in the first quarter.

Factory Data, Auto Sales Power Wall Street Advance

Bikram Pandey
03 Jul, 2012
New York City

U.S. indexes traded higher in a short session after factory orders increased in May and auto sales surged in June. Commodities also powered the rally after copper, gold and oil closed higher.

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